Chuck Schumer actually said...

Foreclosure is not an abstract concept. It's very real pain for American families.

The standards by which these loans were allowed to go forward were lax and unrealistic.

It doesn't seem to me to be too hard to figure out a fair rent.

It is sort of befuddling as to why it is not working, but it clearly isn't working the way it should be and so you need to change things.